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Gomez company reports the following amounts for 2016: Net income $120,000. Average total assets. $1,500,000 The 2016 rate of return on assets is: A. 5.6%.

Gomez company reports the following amounts for 2016:

Net income $120,000. Average total assets. $1,500,000

The 2016 rate of return on assets is:

A. 5.6%. B. 7.0% C. 8% D. 10%

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